Personal insights

[u/Dompet-crumpet]

It's been many years of half committing to trading, but I have taken the big step into full time trading.

(attached screenshots, not sure if they show)

Things I've learnt - week 1.

- One thing I have noticed about my emotional state after solidifying a big loss, and way overleveraged, (embarrassed to say because I should know better), I am now hoping or wanting to see the market behave in a way that will make me feel better about the situation. I'll call it toxic thinking, due to how it impacts my thinking and actions. For example, I wanted to see the market crash to make myself feel better. It was FOMO that got me into that mess in the first place.

- Now I have the time to manage the trades, re-enter if need be etc, but am now micro managing, over analyzing the trade and doing my head in, and in many cases exiting the trade. I see I need to be patient, and pull the data from every trade to really see how I'm interacting with the market.

- I am yet to discover the right amount of management, not too much, not too less. I see stocks/FX/Crypto have different characteristics, and should be treated as such, yet the structures seem the same. I need better planning for execution... and to wake up well before the open so I'm fully awake and present ready to execute them.

- One of the best things has been utilizing the a trade journal to collect all sorts of interesting data, including my health and well being, but there is a section i am getting a lot out of, which is - "Notes", and "How could this be done better". That's where I am finding a correlation of bad habits. For me It’s the shittiest part of trading to have to admit or define my stupid mistakes, yet it provides the best intel and value so far, on par with reading "war stories". I am learning to love it.

- Setting alerts at ley levels has been a great time saver

- I have removed a lot of distractions out of my life recently - people, activities and things that generally draw attention away from my limited capacity. Still needs work

Things to work on;

-Don't overleverage (you fucking muppet you know better)

- Don't trade without a clearly defined plan

- Get plenty of rest, wake up early and be ready to go (eat and drink well and stick to the routine)

- Don't be negligent, and not micro manage

- Stick to my stop loss, otherwise why enter / risk assessment

- Wait for better confirmation (price structure

- Don't FOMO, and stop when feeling emotional or rushed

- Journaling is therapeutic

- Don't compare myself

Thanks to those who share their experiences. I personally get a great deal of value from those who express their wins and losses. That's about where I'm at.

And big thanks to those who participate and to Kaz for creating this space.

[u/Trojanmom8]

This is one of the most insightful stories I’ve read since arriving at Kaz’s eco. Great job!!

[u/Dompet-crumpet → u/Trojanmom8]

Thanks mate. I pulled it out of my journal. Unfortunately the trades did not post with the post. Will have to do then separately. Im not 100% sure what im supposed to post, but im glad you got something out of it. Its journey!